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20130108
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FOX News
Jan 8, 2013 1:00am PST
representatives and might be a government shutdown and debt ceiling and all of that, so why bother? >> first of all about the debt ceiling this is really important. if we have reached the debt ceiling what that means, bill, is we can't borrow any more money. none the less the tax receipts under the tax laws we now have would continue to it bring in about 60% of the money needed to fund the government. which means that you -- that about 40% of the money would not be there you would have to find a way to shut down 40% of the government so you wouldn't have a way to finance it. that leaves plenty of money by the way, 60% to cover any payments on the national debt. they are only 6 or 7% of spending. when you talk about defaulting on our debt, it's a total red herring. >> bill: but, what happens is that moodies and other financial institutions that grade america's investment capability and whether people should invest here will downgrade like we saw last year. so, i don't understand why president obama, if he knows what you just said and what i know that the republicans are never going to go for another tax increase. why bother? i will tell you why. >> in my view it comes down to this. the republicans are worrie
FOX News
Jan 8, 2013 12:00pm PST
had s just about a month away from hitting the so-called debt ceiling the point where the government can't pay bills. the next treasury-secretary is key to make sure that doesn't happened but lew's intelligence on is raising red flags. during the last debt ceiling battle, lew clashed with the g.o.p. now he'll face some of those same lawmakers could be a very tough confirmation battle. what did the white house press second say about this. >> jack lew is the chief of staffed has served in a critical role for on this administration as director of the office of management and budget. a well known figure both here at the white house and throughout washington for the past four years. for more, here is jay carney. >> i would simply say that the president is obviously engaged in a process that will lead to decisions on who should fill posted or vacant. as was in the case this week with the defense department and c.i.a. and prior to that the state department, he will make announcements when he has made a decision. >> that would be press secretary 101, do not get out ahead of the president of the united states but
MSNBC
Jan 8, 2013 7:00am PST
about the debt ceiling and it has to be taken care of and we have to pay our bills. is there anything that suggests to you consensus on any kind? >> no, it does not. you have speaker boehner saying i'm not going to negotiate one or one. what you just said is unfortunate, he doesn't want to have a discussion about the debt ceiling. this is a two-prong process, constitutionally the president is right, congress racked up these bills if you will, but the president signed them into law, both republican and democrat. both people have gone through this dance, if you will and it's a horrible dance. so what these leaders need to do is figure it out. after all, that's what we paid them to do and just as importantly, that's what they've been elected to do, figure this out. >> good to see you, thank you. >>> also making news this morning, the only suspect in custody for the deadly september 11th attack on the u.s. consulate in benghazi is free. the lawyer for the tunisian suspect has lack of evidence was the reason for the release. the attack killed ambassador chris stevens and three other americ
FOX News
Jan 8, 2013 6:00am PST
hog day? i do. by partisan policy center they say the u.s. will smack its head on the debt ceiling, as early as february 15th, five weeks or so from now unless congress raises the amount of money we're allowed to borrow. bill: what are the resolutions? stuart varney, host of "varney & company" on the fox business network. good morning, sir. give us the facts on the story. >> deja vu all over again. it is a new cliff. groundhog day all over again. this is debt ceiling cliff and approaching much faster than we previously thought, specifically around february 15th. the government can not borrow anymore money. the treasury is moving money around to make sure it can pay its bills. it runs out of the ability to pay all the bills right around february 15th according to this bipartisan group. at that point we run out of money and the government has to start prioritizing who it will pay and who it will not pay. bill: some in washington argue it is a head fake. it is a kind of a sexy headline. the u.s. government takes in tax receipts and that money will pay its bills. >> that's right. it is not true to say america defaults on february 15th or whatever the date is because tax money is still coming in. when the government
MSNBC
Jan 7, 2013 7:00pm PST
morning i attended a briefing by the bipartisan policy on the debt ceiling. they did amazing work on this issue and really got into the weeds on it more than anyone i have seen before. they looked at how many checks the government sends out a month. how the payment software works, and i want to tell you, and maybe congressman salmon five of the things they had. because after you hear this you wouldn't want to bust for the debt ceiling, they project right now that the debt ceiling doomsday, really the final day for it would happen sometime between february 15th, and march one. either congress figures out the debt ceiling before then or things get very bad, real quick. first it means the federal government will have to default on 40% of our obligations, 40% of what we do will be gone. let's say they make decisions on medicaid, medicare, defense, food stamps, kind of just the bare services there. doing all that will mean defaulting on everything, and really i mean everything else. the fbi will shut down, people responsible for tracking down loose nuclear weapons, the court system closes its
CNBC
Jan 7, 2013 7:00pm EST
meaningful spending reforms except once in the context of the last time we addressed the debt ceiling. i just think it's so important we have to do this. i'm certainly hoping that it doesn't come to actually having some partial government shutdown and a scenario you described where some bills get paid and some don't. that's not optimal, but i just -- larry, i think we're on the road to greece. and i want to get off this road and on to a sustainable path. >> why not make the rallying cry the spending sequester? why not make that the absolute central part of the debate? and second, and second, senator toomey, john boehner wants every dollar of debt increase a dollar cut in spending. why not insist on those two clear goals, no government shutdown, but force the president, force the president who right now is playing hard to get, force him to deal with that? >> larry, there's no contradiction here. first of all, i think the sequester has to stay in place. i hope we can shuffle it around, i hope we can limit the damages on our defense budget and shift some of the cuts elsewhere. but we have to have the savings. i agree with speaker boehner's dollar for dollar approach, a dollar in spending cuts for every dollar the debt limit has increased, but the president doesn't. the president
CNN
Jan 8, 2013 8:00am PST
this? >> well, you have to raise the debt ceiling. by law congress can only spend so much money and rack up so much debt. we hit that ceiling on february 15th according to the policy center. on that day, the inflow into the treasury coffers, $9 billion. imagine this like your own checkbook. on that day you have $52 bill chron in bills due. >> we've got a big -- >> so break that down for me. in that set of bills, what's due that day? >> well, the biggest part of that committed spending is $30 billion interest on our debt. we have to pay the interest, or we are in default of our obligations. we borrow money every day just to run the country as it is. >> just look at that top picture you have about 30 billion would be the mortgage payment and all of those littler numbers would be the expenses. >> these are things that people wee lie on. it's a friday, it's payday, so federal salaries and ben felts. medicare and medicate, defense vendors going paid on the 15th. these are things that in theory, if you don't raise the debt ceiling, the government could have to give you an iou instead of m
CNN
Jan 8, 2013 2:00am PST
treasury department's going to run out of room on the debt ceiling earlier than we thought. february 15th, they say. that's the "x" date when we can't pay all of our bills, when we literally only have that date $9 billion coming in, and we have $52 billion in bills. imagine that in your own household. if you had $9 billion coming in and $52 million going out. when you look at it, it's staggering. i think we have a chart on the left. that's how much daily catch flow analysis, that means how much on the left, $9 billion is coming in. look at all the bills on the right we have to play, interest on the debt, $30 billion, we only are bringing in $9 billion a day on february 15th, but we have $30 billion in debt payments. how about irs refunds because it is, of course, tax season. federal salaries and benefits, $3.5 million, military active pay, medicare/medicaid, defense, food/hud/welfare/unemployment, other spending. that's how unbalanced it is. that's why they say we can't live like this anymore. the fight about how to get that in line is going to be ugly and vicious. and it should be buckle up. >> that doesn't look very good at all. >> no, it doesn't. >> in the
FOX Business
Jan 8, 2013 5:00pm EST
but we shouldn't flirt with the debt ceiling at all. to run up against the debt ceiling is to effectively send a default signal to the rest of the world. there is lot of talk you could pay some bills and not others but in effect you could pay interest and social security and things like that, but you couldn't pay the troops. you couldn't pay for roads, bridges, basic research, education. simply nothing to flirt with. you would either scare the international community to death or deprive people of basic services. we should have an agreement. that we shouldn't do anything but raise the debt ceiling. we should have an agreement we should fix the spending problem. what we don't have agreement is how. they ought to get start on that right away. melissa: speaking how to do that, evan, you're someone in the trenches so many times and got frustrated with the process. what do you think of what's going on right now? >> i don't think much about it, melissa. shows the deep political dysfunction we have at the heart of congress right now or at the heart of our political system. my best guess what's going to happen i think both of our other guests are exactly right. at a time when the economy is we
Current
Jan 8, 2013 3:00am PST
already to get ready for the debt ceiling battle. now we're told the treasury may not be able to pay its bills after february 15 which moves the clock up two weeks ahead of what we thought it was last week. lots to talk about. lots to get into. let's get right to it with team press. peter ogborn and dan henning. >> happy tuesday. >> good to see you bill. >> bill: thank you. not good to hear me. good to see me. i notice the difference there. not very subtle there. >> good to have you here. >> good to have you. >> bill: i wish i could do more. i'm drinking my tea. my hot tea my cold tea. >> you're doing everything right. someone e-mailed saying you should be drinking rum. >> i've heard of whiskey. never heard of rum. >> someone e-mailed last night saying give him some rum. >> bill: make a hot toddy. >> go get him a hot toddy. >> luckily phil carries a flask with him everywhere he goes. >> bill: i thought that was cyprian. cyprian bowlding as always got the video cams. phil back backert has the bones. >> we missed you of course. >> bill: as a christian as a catholic peter, i have to say now look, you s
FOX Business
Jan 8, 2013 1:00pm EST
because you have a debt ceiling raised but without a corresponding spending cuts? would you not agree with to that and let the country default? >> we don't need to let the country default. we are -- actually we are already bankrupt today. we have to deal with it today. that is what the american people expect. let me give you a couple examples what is going on and what democrats have done. when this recession started, in all of the u.s. department of transportation there was one federal bureaucrat who made above $170,000 a year. just 18 months later, there were 1,690. this is unsustainable. every salary in the department of education is $102,000 a year, about twice what teachers make. ashley: we are almost out of time. i just want you to respond to some of the comments made by representative brown. >> first of all, we have already cut $1 trillion in spending and did that in 2011. we did $600 billion of deficit reduction, we spent two campaign is being blasted by republicans for finding $700 billion savings in medicare. we made significant for the approaches on the spending side to deal
MSNBC
Jan 8, 2013 2:00am PST
bills between february 15th and march 1st. we hit the $16.4 trillion debt limit on december 31st. the treasury department said they were taking "extraordinary measures" to put off default. the debt ceiling debate is set to be the next big showdown in washington. both republicans and democrats have vowed to hold firm in their position. >>> and speaking of government spending, a report published monday says the obama administration spent $18 billion on immigration enforcement last year, more than on all the other federal law enforcement agencies combined and 15 times greater than immigration spending in 1986. the nonpartisan research group the migration policy institute says immigration has become the government's highest law enforcement priority. among those likely to be unhappy with that report, critics who say the administration has been soft on immigration violators. >>> after weeks of recovery from a concussion that led to a blood clot in her head, secretary of state hillary clinton was back in action monday as clinton presided over a state department meeting, her staff welcom
CNN
Jan 8, 2013 11:00am PST
pay the bills. but republicans seem to think the debt ceiling is a good tool to limit how much the government spends. the current ceiling was officially hit on december 31st, but like last time, the u.s. treasury is using extraordinary measures to get through until about mid or late february. if congress doesn't act by then, government may not be able to pay some of its bills, as simple as that. rush, i hope you're taking notes. that's it for me. i'm out. same time tomorrow. you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and s
FOX News
Jan 7, 2013 4:00pm PST
nation's debt ceiling. the feds predict we will not be able to pay our bills about two months from now. but some republicans say they are willing to let the government partially shut down if new spending cuts are not part of the deal. all of this just a week after the fiscal cliff fiasco. shannon bream in washington tonight. here we go again. what are we getting in the way of an inside look at the fiscal cliff talks? >> well, shep, in a wide ranging interview with the "wall street journal" house speaker john boehner talked about what really happened a couple weeks ago. quote one week several weeks ago the president said to me we don't have a spending problem. he said he was stunned and continued to press the point and said the president then told him quote i'm getting tired of hearing you say that boehner also says he will no longer do closed door one-on-one talks with mr. obama calling them futile. response to the boehner claims and so far shep we have not gotten one. >> we got tax increases on some americans and it sounds like there may be more to come? >> depends on whom you ask
FOX Business
Jan 7, 2013 8:00pm EST
ceiling? what do you do with that moment. >> i would not borrow any more money, we would stop paying our bills, a president who believes that the constitution means what is says would not get us into a situation where we run out of cash on the first day of february. that president will have enough money to pay the bills to the federal government, federal government collects about $2 .7 trillion in revenue. .7 trillion in revenue. >> you can rob peter to pay [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of childr in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. neil: to hear nancy pelosi and scores of other democrats tell it over the weekend, they are just getting started with tax hikes this year, and president agrees, keep it planned he said. never mind that balan
FOX Business
Jan 7, 2013 11:00pm EST
any more money, and government would live within its means. neil: you would risk a debt ceiling? what do you do with that moment. >> i would not borrow any more money, we would stop paying our bills, a president who believes that the constitution means what is says would not get us into a situation where we run out of cash on the first day of february. that president will have enough money to pay the bills to the federal government, federal governme collects about $2 .7 trillion in revenue. .7 trillion in revenue. >> you can rob peter to pay [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my docto prescribed symbicort. i
FOX Business
Jan 7, 2013 10:00pm EST
against a debt ceiling in and get a credit rating but not cut spending. in the and you have to pass bills that reform the entitlement programs. there is no substitute. lou: when i said just let it unfold, what i meant was sequestration, do as you well. i personally think the republicans signed up for an idiotic sequestration. they allowed the federal -- the defense budget to take up 50% instead of the 20% that it represents and the federal budget so it has a disproportionate burden on already. that was completely in ignoramus who came up without one. the second pt of the steel, they go around preaching about where or to have to do, this, that, cut. just let it go. just let it go and see what happens. because americans don't really get it. all the republicans look like a bunch of stodgy orthodox camino, members of an orthodoxy here st simply cannot resist saying no. if that's your idea, mr. president, it's your deal. let it rip. >> well, i men, if it were not for the consequences of letting this administration and the autopilot that we are on for spending representative, would be with you. >> f
CNBC
Jan 8, 2013 4:00am EST
extend the debt ceiling by the way the u.s. government can extend it in the past is simply not pay its bills. so any sort of cash reserves you'll have to replenish later. whether february 15th is the absolute deadline and whether the treasury department can squeeze it further i think it can probably get to the end of the month of february. >> what's the real significance of this event for the global economy? >> well, the worst scenario, of course, would be that everything koms comes grind to go a halt, the u.s. government acan't pay its bills because congress cannot agree on a deal and all this process takes place as it was in the battle between clinton and the republican congress way back. we're not going to get that scenario. for one big reason, we have a sequestration policy in place. and, therefore, the debt ceiling can probably, on that basis if nothing is congress, congress will agree to raise debt ceiling on the sequestration. but that is a messy solution. what we need is an agreement between congress and the president over the long-term, both on what spending measures have to be taken fo
FOX
Jan 8, 2013 6:00am PST
house chief of staff tim geithner to raise the debt ceiling and the president also needs to finds a new chief of staff. >>> they approved extra severance pay for dozens of lesbians discharged under the don't ask don't tell bill. the 2. $4 million settlement covers veterans which received only half of their pay. don't tell don't ask was reformed last fall. they will take up two same sex marriage cases and it will come under proposition 8 which is to be heard and keeps them from recognizing those marriages for any purposes including healthcare and taxes. >>> the driver accused of killing two people in the mission district is due back in court this morning. 19-year-old david morales faces two counts of murder and several other felony charges in connection with the deadly crash on new year's day. investigators say morales was racing away from police following a shooting when he killed two innocent people. >>> a search for a missing man in skott's valley. he has not been heard from since he left his home friday morning. search teams are going to be looking near the empire grade and quarry road where somebody may have spotted him saturday. his family said he took off with backpack passport and driver's license but no c
MSNBC
Jan 7, 2013 8:00pm PST
negotiate over the debt ceiling. it looks like some republicans might already be backing off this fight overall. but in "the wall street journal" in an interview, john boehner, house speaker, called the debt bill "one point of leverage." but also acknowledged it's not the ultimate leverage. so where are they going with all of this? i'm going to john nichols tonight, washington correspondent for "the nation" magazine. john, good to have you with us. it's a game of chicken they are playing on sunday's "face if nation." senate minority leader mitch mcconnell dodged a series of questions about his stance on the debt ceiling and leverage. let's take a look. >> what i'm willing to say is if the president won't lead us here in the direction of reducing this massive spending addiction that we have, then we have to use whatever leverage we have. and there are some examples of leverage coming along. the debt ceiling is one of them, that hopefully would get the president engaged, even though he seems unwilling to do it on his own. >> john, what about that? this is leverage just because they can. your thoughts. >> well, they're playing with fire. let's be clear about that. and the president and democrats shoul
Current
Jan 8, 2013 6:00am PST
call for a repeat -- hostage in the debt ceiling next month he says if we hold strong we can do it again. >> it was bill clinton's tax increases on the rich that helped the economy. >> stephanie: if we did that again over 800,000 medical workers would likely be furloughed, police and public safety officials could be cut, and veteran services would be impacted. last time remember when they did it in 2011 it cost us $19 billion for the fiscal conservatives to put on their little show. >> i think everett dickerson would be okay with that. >> stephanie: he said i don't think what washington needs is more compromise. >> yeah, more gridlock. >> stephanie: yeah. >> stan your ground! >> stephanie: okay. and for dessert, rush limbaugh. >> african-americans today can be convinced that they are still slaves. jamie foxx does it every day. samuel l jackson, reverend jackson tries to make the case that there is still slavery in this country. well, the same thing happened with the rich. the rich came along and screwed them. >> stephanie: okay. if you say so. [ applause ] >> stephanie: mike in l.a. you are on the "stephanie mill
Search Results 0 to 25 of about 26 (some duplicates have been removed)